Industry News: $250,000 fine for unregistered trader a record

888C41E6-1ACA-42CC-93FA-B211209F56A1An Auckland company and its director have received a record $250,000 fine for unregistered trading.

Auckland company Awan Boueki Pacific Limited and its 55 year old director Bakhtawar Singh have been fined a total of $250,000 for selling 69 vehicles in a year, without being registered as a motor vehicle trader.

In sentencing at the Manukau District Court yesterday, Judge Winter fined the company $200,000 and Singh $50,000 and put this prosecution in the category of ‘most serious of cases’, superseding the previous record penalty imposed to a Waiheke Island man in July 2014, who was fined $30,000. Continue reading “$250,000 fine for unregistered trader a record” »

Industry News: New Kia plant to ease Kiwi issues

kia_logoA new US$1 billion dollar production plant for Kia motors is set to have flow on effects for the local New Zealand distributor.

At times in recent years, the brand has had trouble sourcing stock as Kia vehicles grew in popularity – often ordering on an ‘as many as we can get’ basis.

Construction of the new Mexican plant, which will be able to produce 300,000 vehicles annually, begins at the end of this month (September) and it is expected to open in the first half of 2016. Continue reading “New Kia plant to ease Kiwi issues” »

Industry News: MARAC wins $1million payout

2209Marac is set to receive a $1.1 million payout as part of the ongoing legacy of the failure of vehicle distributor Rapson Holdings.

The financier, part of Heartland Bank, has been in a long-term battle with its insurer Vero over the issue.

The battle centres around former manager, Grant Atkinson, who from 2003 to 2008 lent significant amounts to Rapson. The High Court found last year that much of the lending was unauthorised, and Marac was left with debts of $4.4 million. Continue reading “MARAC wins $1million payout” »

Industry News: Subaru lead footing it to Hahei

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Subaru is continuing its involvement with the Leadfoot Festival which is run at Rod Millen’s property at Hahei on the Coromandel peninsula.

To be held on Waitangi weekend from February 6-8 next year, Subaru will be providing the pace cars for the event on Millen’s 1.6 km long driveway.

“It’s great to see the event back again in 2015,” says Wallis Dumper, the managing director of Subaru of New Zealand. “There’s a great festival atmosphere over the weekend and the changes for next year look exciting.” Continue reading “Subaru lead footing it to Hahei” »

Industry News: Suzuki to unveil all-new Vitara at 2014 Paris Show

Suzuki has announced the world premiere of the all-new Vitara, which will take place at the 2014 Paris Motor Show.

The Vitara is based on the concept model iV-4, which was exhibited at last year’s Frankfurt Motor Show.

A special microsite about the all-new Vitara is available here
Continue reading “Suzuki to unveil all-new Vitara at 2014 Paris Show” »

Industry News: Early bird pricing for IMVIA 25th closing soon.

imvia-letterheadEarly bird pricing for tickets to the IMVIA 25th celebration ends today – and tables are becoming scarce.

More than three quarters of the tables at the black-tie gala event are sold, with just eight of the 40 still available.

For tables ordered after the end of today, the price will be $1957 plus GST, rather than the $1870 plus GST discounted price. Continue reading “Early bird pricing for IMVIA 25th closing soon.” »

Industry News: Mustang production begins

2015 MUSTANG_SKV_18933Production of the new Ford Mustang, which is due to be launched in New Zealand next year, has begun.

For the first time in its 50-year history, Mustang will be available globally to customers in more than 120 countries around the world.

“Mustang is and will continue to be an automotive icon,” says Joe Hinrichs, Ford president of The Americas. “Expanding its availability globally affords our customers around the world the opportunity to have a true firsthand Mustang experience – one unlike any other.” Continue reading “Mustang production begins” »

Industry News: Dealer’s son scores dream drive

14RotaxMaxChallengeRnd4TePukeMarcusArmstrong-1An out-of-the-blue email has led to a dream opportunity for
Christchurch-based Kart sensation, Marcus Armstrong.

The 14 year-old son of prominent dealer Rick Armstrong has been invited
to compete in September’s World KFJ Kart Championships in Essay, France
by one of the world’s top factory Kart teams, Kosmic Racing.

While competing at the world champs has been an objective for
Armstrong, who has already proven fast behind the wheel in both New
Zealand and European (Rotax) Karting championships, the email from
Kosmic was a surprise. Continue reading “Dealer’s son scores dream drive” »

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